July 2026

Abu Dhabi's AI investment firm MGX raises $49bn for new fund - The National

The National · Jul 1 · Funding Infrastructure

Abu Dhabi's AI investment firm MGX has successfully raised $49 billion for a new fund. This significant capital injection is poised to fuel advancements in artificial intelligence. The move underscores the UAE's strategic commitment to becoming a global leader in AI development and innovation. Why it matters: This massive fund will significantly boost AI infrastructure, research, and product development within the UAE and the broader Middle East, solidifying Abu Dhabi's position as a major global AI investment hub.

UAE Deploys First AI Agents for Weather Forecasting - MIT Sloan Management Review Middle East

The National · Jul 1 · Product Infrastructure

The UAE has deployed its first AI agents dedicated to weather forecasting, marking a significant step in leveraging advanced technology for meteorological predictions. This initiative aims to enhance the accuracy and efficiency of weather services across the country. The deployment integrates sophisticated artificial intelligence capabilities into critical national infrastructure. Why it matters: This positions the UAE as a leader in applying AI to essential public services, potentially improving disaster preparedness and resource management across the Middle East.

The most important technology in healthcare is still human - Gulf News

Gulf News · Jul 1 · Healthcare Ethics